Canadian Pacific (CP) Q4 Earnings Beat Estimates, Increase Y/Y

Canadian Pacific Kansas City Limited (CP) reported fourth-quarter 2023 earnings (excluding 6 cents from non-recurring items) per share of 87 cents (C$1.10), which beat the Zacks Consensus Estimate of 83 cents. The bottom line increased 7.4% year over year. Quarterly revenues of $2.773 billion (C$3.776 billion) surpassed the Zacks Consensus Estimate of $2.712 billion and improved 53% year over year.Freight revenues, contributing 97.9% to the top line, rose 53.2% on a year-over-year basis. We suggested the me ...